Global Retirement Partners LLC Invests $17.92 Million in iShares S&P 500 Value ETF $IVE

Global Retirement Partners LLC purchased a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the second quarter, Holdings Channel reports. The institutional investor purchased 91,673 shares of the company’s stock, valued at approximately $17,915,000.

Several other large investors have also recently bought and sold shares of IVE. Forum Private Client Group LLC grew its stake in iShares S&P 500 Value ETF by 5.4% during the 2nd quarter. Forum Private Client Group LLC now owns 5,784 shares of the company’s stock valued at $1,130,000 after acquiring an additional 297 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 0.7% during the second quarter. AlphaCore Capital LLC now owns 18,773 shares of the company’s stock worth $3,669,000 after purchasing an additional 132 shares during the period. Franklin Resources Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 4.3% during the second quarter. Franklin Resources Inc. now owns 51,715 shares of the company’s stock worth $10,106,000 after purchasing an additional 2,115 shares during the period. MAI Capital Management grew its position in iShares S&P 500 Value ETF by 3.4% during the second quarter. MAI Capital Management now owns 1,019,527 shares of the company’s stock valued at $199,236,000 after purchasing an additional 33,807 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in iShares S&P 500 Value ETF by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock valued at $3,497,177,000 after buying an additional 119,534 shares during the period.

iShares S&P 500 Value ETF Stock Up 1.4%

IVE stock opened at $206.14 on Monday. The company has a 50 day moving average of $207.05 and a two-hundred day moving average of $199.90. The company has a market cap of $42.04 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $212.54.

iShares S&P 500 Value ETF Company Profile

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics.